Anyone in the market for a new TV should buy one soon cause Panasonic has announced it is no longer making Plasmas. Panasonic Plasmas are considered among the best TVs with the best picture. I've had my Panasonic Plasma for less than a year. I kept putting off getting a new TV, sticking with my old 24 inch standard def TV until I had enough for a Panasonic Plasma and it was worth it. It's a "dumb tv" with no apps, only has two HDMI inputs to go along with the other known plasma issues but picture is more than worth it. http://news.cnet.com/8301-1001_3-57606619-92/panasonic-reportedly-plans-to-pull-plug-on-plasma-tvs-next-year/Panasonic reportedly plans to pull plug on plasma TVs next year
Panasonic's days in the plasma TV market appear to be numbered.
In a long-rumored move, the Japanese electronics giant is planning to exit the market by March 2014 when its current fiscal year comes to an end, sources familiar with the situation told Reuters. That Panasonic was contemplating a departure from the market was first reported by the Japan-based newspaper Nikkei in March, but this reported timetable is sooner than some analysts had expected.
CNET has contacted Panasonic for comment and will update this report when we learn more. The company told Reuters that it was still exploring its options for the unit and that no decision has been made on its fate.
Although Panasonic's plasma TVs are considered among the best on the market, such a move might help the company repair its ailing operation, which is losing billions of dollars. In November, Panasonic announced it would cut 10,000 jobs by the end of March, just months after it laid off 36,000 employees in the previous fiscal year. Cutting its television operation could save it some much-needed cash and allow it to focus on other industries.
Panasonic had previously hinted that its retirement from the plasma business was nigh, telling CNET that its latest high-end plasma would likely be the last generation of plasma TV development the company would undertake.
The exit would come as interest in plasma TVs continues to wane. Global shipments of plasma TVs declined 21 percent in 2012 compared with a 1 percent decline for LCD. That sharp fall follows years of market share decline for plasma, corresponding to the increasing dominance of LCD.